07-11-2007
New study shows widening of gender pay gap
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The salary gap between the male and female executives is widening, a new survey has found.
According to the results of a study by the Institute of Directors (IoD), an organisation with a membership base of approximately 55,000, the wage divide between male and female directors in both the public and private sectors is widening.
The IoD has based its findings on a study of approximately 3,500 directors, employed across both sectors.
"Unless we can achieve equality of opportunity in the near future, we will inevitably face further regulation in this area," said Miles Templeman, director general of the IoD. "It is wholly unacceptable in this day and age that it appears that women in comparable positions do not receive the same rewards as their male counterparts," he added.
Although the survey found the lowest level of difference in 2006 (five per cent) within the public sector, on average women in executive positions were paid salaries 22 per cent lower than their male peers last year.